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Head of Pricing

Employer
Hiscox AG
Location
Lambeth, UK
Salary
Competitive
Closing date
Oct 18, 2019

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Job Role
Accountant
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Job Description: Hiscox London Market is experiencing a high-level of change. The Lloyd's market environment is tough and therefore we are altering how and what we underwrite. The London Market pricing function has the ambition to become business partners to the underwriting community and management team - to lead the way at data and analytics in Lloyd's.The Pricing function is embedded in the four Hiscox London Market divisions: Property, Specialty, Casualty and Marine & Energy. There is a Head of Pricing in each division, reporting directly to the Hiscox LM CFO.The Marine & Energy division contains some of the longest established classes in Lloyd's that each have their own ambitions and challenges. There are four lines within the division: Hull, Cargo, Marine & Energy Liability and Upstream Energy. The plan is to grow in 2020 by c. 10% with the division totalling $225m before year-end. The Head of Marine & Energy Pricing will directly support the Divisional Director in helping analyse the growth opportunities that present themselves.The Head of Pricing will lead a team of two analysts who support each class in the Marine & Energy division.The RoleYou will need to provide high quality, timely, pricing analysis and develop / maintain pricing models. You will also perform profitability reviews to help with strategic portfolio management by targeting the most profitable business.You must be able to build strong working relationships with underwriters - being perceived as a commercial business partner is essential.You must be able to operate effectively in a commercial environment and to simply communicate the results of actuarial analyses.Successfully leading and empowering the team of two analysts will be critical in this role. Person Specification: The Candidate Take ownership and accountability for the Marine & Energy pricing models. Be responsible for first class service to the underwriters. Price and review large accounts such as the reinsurance of the International Group efficiently. Contribute to the profitability of the lines of business by conducting regular reviews for different segments of the portfolio. Effectively manage and motivate the analysts in the Marine & Energy pricing team to ensure they are performing highly. Support with the development of market leading pricing systems to improve the operation of pricing models, data storage and integration with underwriting systems to gain a competitive advantage. Assist with formulating the reinsurance strategy and understand how it impacts Hiscox's capital. Facilitate exposure management analysis in conjunction with the central exposure management team. Support Underwriters at broker and client meetings.Our must haves Be a numerate graduate who has excellent communication skills A track record of providing high quality pricing analysis within General Insurance, preferably London Market. Be credible across the business and be able to build strong relationships, in particular with underwriters. Capable of working with people at all levels within and external to the business Highly results driven, with the energy and determination to succeed in a very fast paced environment where the pace of response and leadership is critical to success Creative, proactive and innovative- always looking for a better way Strong IT skills e.g. SQL, R, Python An experienced people leader, able to motivate and effectively manage large teams who pull in the same direction.Nice to have
• Qualified Actuary or equivalent
• Direct experience of pricing Marine & Energy lines within the Lloyd's marketAbout HiscoxAs an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.You can follow Hiscox on LinkedIn, Glassdoor and Instagram (HiscoxInsurance)Diversity and flexible working at HiscoxAt Hiscox we care about our people. We hire the best people for the job and we're committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn't always have to be 'nine to five' and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.LI-CM1 Job ID: 8086 Department: Pricing Employment type: Permanent - Full time Location(s): London, England Preferred education: A Levels or equivalent

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